Download e-book for kindle: Economic Development and Environmental Sustainability: New by Ramon Lopez, Michael A. Toman

By Ramon Lopez, Michael A. Toman

ISBN-10: 0199297991

ISBN-13: 9780199297993

ISBN-10: 0199298009

ISBN-13: 9780199298006

ISBN-10: 1435619056

ISBN-13: 9781435619050

This significant choice of essays from the prime writers within the box, specializes in the significance of taking environmental concerns into consideration within the strategy of improvement and poverty aid. This e-book deepens our realizing of environmental sustainability in a context of financial development, placing sustainable improvement firmly again at the time table.

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Extra info for Economic Development and Environmental Sustainability: New Policy Options (Initiative for Policy Dialogue)

Example text

On the one hand, fiscal adjustment (monetary and fiscal policies to induce macroeconomic stability and to correct for internal and external disequilibria) has been a main mechanism used by the IMF to influence short-run policies. On the other hand, structural adjustment (trade, factor market, and financial liberalization, privatization, and others) has been a key vehicle to influence long-run policies by the World Bank and associated international institutions. Despite that the policy agenda promoted by international organizations is hardly concerned about environmental sustainability—or, perhaps, because of this fact— this agenda has significantly affected the environmental consequences of economic growth, as López argues in this volume.

Moreover, it is also accepted that management of this ‘natural capital’ stock is critical to the country’s ability to attain sustainable economic development. This is particularly relevant to low- and middle-income, or ‘developing’, countries, many of which have abundant stocks of environmental and natural resources that they must exploit efficiently and sustainably if these economies are to develop successfully (Barbier, 2003). In order to determine whether present-day developing economies are exploiting successfully their natural capital stocks to achieve sustainable development, it is useful to examine some of the key patterns of natural resource use in these economies.

In some cases, the authors have indicated that innovative solutions involving different strategies of decentralization and public participation can be effective. But in other instances, such solutions are ineffective; solutions must be based on solid evidence of promise, not on quixotic wishes. Our third point is that, although expanded trade may sometimes exacerbate the lack of environmental sustainability, there is, at this time, no broad and deep evidence that international trade itself has become an obstacle for environmental sustainability.

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Economic Development and Environmental Sustainability: New Policy Options (Initiative for Policy Dialogue) by Ramon Lopez, Michael A. Toman

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